MENLO PARK, Calif., April 22 /PRNewswire/ -- Leader Ventures, an
investment firm offering blended debt and equity financing, announced today
that it has provided $5 million of equipment financing to MobiTV, the
leading provider and platform for content delivery over mobile and
broadband networks.
"Millions of subscribers enjoy mobile and broadband entertainment
services," said Patrick Gordan, managing director at Leader Ventures.
"MobiTV gives wireless carriers and other operator partners the ability to
deliver content almost anywhere," Gordan added.
"We are delighted to be working with Leader Ventures on our equipment
financing," said Charlie Nooney, chief executive officer and chairman of
MobiTV. "As we continue to expand our footprint and bring our services to
an even larger audience, new equipment is essential to our goals of
improving the performance of mobile television's content delivery
infrastructure and delivering a richer, more rewarding media experience to
viewers."
MobiTV is a leader in mobile content and services, developing and
offering technology that powers an end-to-end managed network for content
ingestion, encoding and optimized delivery over mobile and broadband
networks. MobiTV's platform technology delivers live television, premium
and primetime programming, video-on-demand, satellite and digital music
services from top broadcast and cable television networks and major music
labels through its carrier and operator partners to more than three million
subscribers worldwide.
About Leader Ventures:
Leader Ventures is a private investment firm providing blended debt and
equity financing to a diversified portfolio of private and public
companies. With offices in San Francisco and Menlo Park, the firm invests
primarily in the U.S. and employs a variety of loan plus equity structures
to invest in companies at different developmental stages, across diverse
industry segments. For more information, please visit
http://www.leaderventures.com.
Leader Ventures PR Contact:
Paulien Ruijssenaars
650.279.8957
paulien@ruijssenaars.com
SOURCE Leader Ventures
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Related links:
http://www.leaderventures.com
CONTACT:
Paulien Ruijssenaars of Leader Ventures,
+1-650-279-8957, paulien@ruijssenaars.com
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